The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Crypto exchange Gemini has priced its IPO at $28 per share, exceeding expectations ahead of its Nasdaq debut. The offering marks a significant moment for the crypto sector, despite regulatory challenges and mounting losses. Founded by the Winklevoss twins, the exchange faces scrutiny over political ties and financial performance.
- IPO priced at $28 per share, exceeding the forecasted range of $17–$19, with strong investor demand driving the valuation.
- Faces regulatory scrutiny from the CFTC, including a settled lawsuit and leaked private messages involving a Trump nominee.
- Reports significant financial losses: $158.5 million in 2024 and $282.5 million in H1 2025, despite $142.2 million in annual revenue.
📎 Read the original article on decrypt.co